New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-27
THE PETROLEUM MARKET

NEWS FROM THE FIELD AND RANGE OF PRICES.
surprising that the crude petroleum market did not
yed acuey the disturbances in financial and none
tary circles last week. and the tumble In railway shsres
dcrng the unsettled feeling weakness IN values
the Cincinnati bank developments and the squeez
money well the bcarsh character OF mucD
the current the ei the crude situation MAN,
tanned significant stability. Perhaps this was partly due 10
tho absence any imp outside speculative interest as
we'll natural resistance offered by values wheD tey
have that oil s resting upon Inc
brought in important dry holes Tut u
wells IN the districts whore develop
Inent active But this must be expected
until producers who recognize ths the wses'
conservative policy will be to curtaI the outpdt
un heavy visible supply 10 reduced further ana de-
stimulated which Will compel an advance The 'peou
lltve spirit appears to have been exthguishea
in oil trade, both among foreigners anil COMES
Tic OPERATORS The solidarity OF the consuming interests
doubtless be held largely responsible Tor thus state ana
@ 70 prvIe roeista:ion for tie ceriIcates dealt
in on the partly for But hardly seems
NATIVE enaos or low rsmey The important
low to secure an mpror-mentip ns in the
regions fun OF various projects oy the pro
Of the Interest the cgu production and :sss by
central cOmmittce II IL hardly likely however ,nau UNI
be carried through on large scale seens 70 1s ee
tam that u the reriSd Of low p y 20 conn Iu
With hoayier expense required development operations
in wGtea reaction to saer basis OF values Is assured
Since last Dece@ber there has decrease TO
no s hoGsh June Toad Sesic tie 10000
1' Ts' TsSf. Of d'y PS nS
barrel. againW G5 500 barrels IN May eG,0eS IN
April. 60l2 in March. C4S92 in February and G3s2I
barfcis In J0nnsy They compare win theso
81 357 barfels Tho daily ayeale devoness JvVl ua
rls not uv pcvo oatbs OF tho year Out nearly
j3 barrels 81 the runs The lSutes COM
pGro with The prevou, mon li OF 1851 % LOTIONS hS1
Jannary 10 barrels with June Of the Daed as
ioows l9s0 TAI 5di 1885 67s0Oi 1854 0gl5 plItels
Appended e pps line reports fion Juno t'-" chdr'e's
10 the 2l inclusive; ,
p:,ysE,,' DSi g fScsGf
Number per day. 0G,24S O'oiz lE''Vf fN'iAo
ont In oil folds pro ulcers show no signs OF
su lowered ast 20 tsouty cents per barrel ana
the standard inturest pushing oy or fuel hoie were
more reports that tie Eagle nhepenurnH
refinery good nonOiOrous rennen
clOred u - fact ful OF 5lgnln.
outside redneries haven't ant entnusaso
Of competition with the STANDARD AMI willingly ioIlo" Tue
price by tho Buckeye Pipe Limo.
The market o. last week NAV be briefly dsnlsss
The tendency siaguaiion with which the previous week
f0r the rSt few DAYS ana prices were
about steady under eyon occasional bear burhs tom
the sharp break In the stock MARKET ana
TO speculation from us stupor
then quckcnel activity depressed prices css
than COS But the Recovery was eny ul
unable produce any material hictus'lonsn
rrice Tis veces viii donhtieis depend largely
sympathy with the STOCK market; so traders
/ with their opinions mlAsi
Tho nsOliatol stock and Petroleum Exchange went
failures either In It's OIL or STOCK Ne
stock business cleared promptly
the boaris clearing House demonstrated It's success and
I robbed critics OF their futile prophecies
The mi tho total dealing Ia Naona lrln
a. ccrtdctcS M mo oc and Petroleum tx
Nn